Check Availability
$3,500,000
Property - For Sale

8570 Holloway Dr

West Hollywood, CA 90069
bedrooms
Studio
bathrooms
0 Bath
square feet
4003 Sqft
$17,186
Estimated Monthly
$0
HOA / Fees

About This Property

8570 Holloway Drive presents a unique and generational investment opportunity in the heart of West Hollywood, where prime location meets untapped potential. This charming triplex, situated one block south of the iconic Sunset Strip at the intersection of Sunset Blvd and La Cienega Blvd, offers investors a blank canvas with immense promise. Nestled on a 7,708 SF lot zoned R4B, 8570 Holloway currently comprises a front duplex and a vacant one-bedroom above the garages, presenting a unique opportunity for income generation while pursuing further development. The true allure of this property lies in its development potential. According to a BrickWork development report, the future owner can develop up to 8 units "by right" or 14 units by utilizing density bonus incentives (buyer to verify). In addition, the existing front duplex presents the perfect win-win opportunity. It is well-maintained by current ownership, allowing the future owner to generate income while undergoing the planning and development process. The front duplex features (1) two-story 3-bdrm. and 2.5-bath unit and (1) two-story 2-bdrm. and 2.5-bath unit. Each charming residence features spacious living and dining rooms perfect for entertainment, skylights and wrap-around picture windows that allow for plenty of natural light, a shared deck overlooking a lush and well-landscaped backyard, and an office space. Please note, the front duplex may be delivered VACANT upon COE. 8570 Holloway is a rare find in the highly sought-after West Hollywood market. With its prime location, untapped potential, and iconic allure of West Hollywood, the property combines immediate income potential with the promise of substantial future gains through development.

The manager has listed the unit size as 4003 square feet.
Unit Size
4,003Ft²
Days on Market
58 days
Land Size
-
Price per sqft
$874
Property Type
Property
Property Taxes
-
HOA Dues
-
Year Built
1939
Last updated: 2 months ago (CLAWCA #363935)

Price History

Date / Event Date Event Price
Mar 1, 2024 Listed by Compass $3,500,000
Listed by Compass

Property Highlights

Air Conditioning

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Other
Loft
-
7,782 ft²
$501/ft²
$3,899,000 Nov 28, 2023
-
-
Land
Loft
-
-
$2,895,000 Feb 21, 2024
-
-
House
4 Beds
2.5 Baths
3,714 ft²
$1,077/ft²
$3,999,999 Dec 4, 2023
-
-
House
6 Beds
5.5 Baths
4,581 ft²
$741/ft²
$3,395,000 Oct 10, 2023
-
-
House
5 Beds
4.5 Baths
5,002 ft²
$759/ft²
$3,795,000 Jun 9, 2023
-
-
House
3 Beds
3.5 Baths
3,000 ft²
$1,398/ft²
$4,195,000 Feb 10, 2024
-
-
Townhouse
2 Beds
3 Baths
2,518 ft²
$1,269/ft²
$3,195,000 Feb 21, 2024
-
$650/mo
House
2 Beds
3.5 Baths
2,386 ft²
$1,530/ft²
$3,650,000 Jan 5, 2024
-
-
House
4 Beds
4.5 Baths
2,365 ft²
$1,298/ft²
$3,069,000 Jan 29, 2024
-
-
Condo
3 Beds
3.5 Baths
2,400 ft²
$1,313/ft²
$3,150,000 Jun 5, 2023
-
$2,727/mo
House
3 Beds
2 Baths
2,023 ft²
$1,480/ft²
$2,995,000 Dec 5, 2023
-
-
Condo
1 Bed
2 Baths
1,672 ft²
$2,019/ft²
$3,375,000 Jan 26, 2024
-
$2,987/mo

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20230908
09/08/2023
Loft
-
4003 ft²
$3,950,000
bedrooms
Loft
bathrooms
-
square feet
4003 ft²
-
-
-
Max Berger
Compass

Building Info

8570 Holloway Drive 8570 Holloway Drive, West Hollywood, CA 90069
  • 1 Unit for Sale
More about this Building
8570 Holloway Drive
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About West Hollywood


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